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. which candidate has the better energy plan in your view? >> well, obama has no energy plan. he talks about energy a little bit. he never has a plan. romney has a good plan, and i believe romney will carry it out. that all the people that have run for president since nixon, republican and democrat, have always said elect me and we'll be energy independent. romney has not said that. he has said with a north american alliance, that we can bring together mexico, canada, and the united states, and we can be energy independent using all of north america. but that's good because they're good neighbors. we work well together. all that can be accomplished, but romney is realistic about a plan. his plan is use our own resources. >> and we know that's a job creator. do you think he has a shot to win the election? >> oh, i think he will win the election. i think he has energy as a big component. there are 30 states in the united states now that produce energy. when i went in the energy business a long, long time ago, there was only nine states. there are 30 states now. so millions of jobs are cr
penalty, capital gains from 15 to almost 24, almost triple of dividend taxes from 15 to 43, obama care taxes, higher taxes and fees. to me, even though most traders i talk to say somebody's going to cave, we're not worried about it. i think depending on how the election goes, november 7th could be one of the busiest, most wild days in the equity indices since the flash crash. >> yeah, it's going to be busy for sure. thanks, everyone. we'll keep watching the story of stocks. be sure to catch rebecca and the "money in motion" gang this friday, every friday on "money in motion" on cnbc. >>> this market trying to shake off the monday blues. courtney reagan has been front and center at nyc. >> the dow closed lower for the 16th day. we popped briefly higher shortly after we saw the futures trading close over at the nymex but we couldn't hold onto it with both of those indices closing lower. if we take a look at some of the sectors, we're in this defensive mode. the effects of qe3 already waning. energies, material lagging. also technology. take a look at some of these technology movers becau
to the upcoming election. there's such a divergence of opinion between president obama and senator romney, where they want to take the country and what direction it would be. i think corporations are just holding back cash. i think individuals are holding back cash too. we're seeing less investment in the marketplace. if we're going see the fiscal cliff, which i'm sure we'll talk about throughout the day, but if we're going to see the bush tax cuts roll off, we're talking about dividends going up significantly. right now you cannot get any yield. everyone is chasing yield. you can't get it from the united states government. they'll pay you nothing. people are going say, wait a minute, now i have to pay 36% and i have risk in the marketplace. these are a lot of big issues. >> i know you meant governor romney. >> let me apologize. >> do you think we go to the election and are in standstill mode until then? once we get the clarity of who's in the white house, what's your expectation? >> i do. i don't anticipate a lot. i know people are talking about that we'll see more in the early parts of novembe
on the defense companies feeling the hate from the obama administration on the timing of potential job cuts. wait until you hear the details of what's happening now. >>> up next, what will move your money first thing tomorrow morning? three of wall street's top money pros here tell you what they're watching, on the other side of this break. stay with us. ♪ [ man ] when i'm in my zone... every move i make is a statement... ♪ ...that inspires me to make my mark. ♪ [ male announcer ] the all-new lexus es 350. ♪ >>> all right, welcome back, 30 seconds on the clock, our next guest telling us what they think will move the markets tomorrow morning. we get right to it right now. ubs, steven nicholas, and good to have you on the program, everybody. let's kick it off with you, what are you looking at tomorrow? 30 seconds on the clock. >> well, if you're watching emerging markets, look out for brazil industrial production tomorrow morning at 8:00 a.m. probably mark the 12th straight month of contracting ip, going back to last september. this probably is most importantly for growth but also let's kee
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